As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
While doing this research we’ve also uncovered a number of stocks that superinvestors have sold, or reduced in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling‘. This week we’ll take a look at:
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM)
Taiwan Semiconductor Manufacturing Company, or TSMC, is the world’s largest dedicated chip foundry, with over 50% market share in 2019 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC’s scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.
A quick look at the price chart below for Taiwan Semiconductor Mfg. Co. Ltd. shows us that the stock is up 3% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Taiwan Semiconductor Mfg. Co. Ltd. stock in their portfolios include:
(Remaining shares)
Ken Fisher – 27,509,549 Shares
Jean-Marie Eveillard – 10,093,820 shares
Cliff Asness – 7,793,700 shares
Sequoia – 6,748,099 shares
Howard Marks – 2,538,033 shares
Jeremy Grantham – 752,028 shares
Rich Pzena – 514,260 shares
Israel Englander – 322,319 shares
Jim Simons – 161,812 shares
Steve Cohen – 66,800 shares
Steve Romick – 56,566 shares
Paul Tudor Jones – 40,642 shares
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